Ivanhoe, Altynalmas boost resource at Bakyrchik
A 50% increase of indicated resources at the Bakyrchik gold deposit “bodes well” for the definitive feasibility study that is due by June, Altynalmas Gold and Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) say.
Gold
Richmont tallies Wasamac resource
Since joining the ranks of gold producers in 1991, Richmont Mines (RIC-T, RIC-X) has produced more than 1.2 million oz. gold from its operations in Quebec, Ontario and Newfoundland, and by mid-year the company expects to add production from its…
Batero rises on long intercepts
Batero Gold (BAT-V) released the best drill results yet from its Batero-Quinchia gold project in Colombia and the news took the company’s shares for a wild ride.
Northgate updates resource at Kemess
Northgate Minerals (ngx-t, nxg-n) has boosted its indicated resource tonnes by 18% and its contained gold and copper by 10% and 9%, respectively, at its Kemess underground project in north-central British Columbia.
Coeur d’Alene hits sweet spot (March 11, 2011)
Despite a slight decline in annual production, Idaho-based Coeur d’Alene Mines (CDM-T, CDE-N) cashed in on climbing silver prices in 2010, recording record sales of US$515 million, a 72% increase over 2009 revenue. If precious metal prices…
Resolute Mining is focused on Mali
Resolute Mining (RSG-X) – the second-largest gold producer listed on the Australian Stock Exchange – may be preparing to wind down its Golden Pride mine in Tanzania in East Africa over the next 24 months after twelve very successful years and…
Great Basin opens Burnstone gold mine (March 05, 2011)
SITE VISIT: Balfour, South Africa – In July 2006, Great Basin Gold (GBG-T) started building its Burnstone gold mine in South Africa, looking to be the first new gold producer in the Witwatersrand basin in 30 years.
Detour Gold determined to go it alone, as reserves pushed to 14.9M oz. gold
Toronto-based Detour Gold (DGC-T) will resist takeover attempts as the junior focuses on increasing and developing its resources at the Detour Lake project in northern Ontario, already the largest pure gold play in North America, says president…
An Alaskan district takes shape
Vancouver – Talk of a district may be premature, but interest is growing in an area roughly 150 km northwest of Anchorage Alaska thanks largely to Kiska Metals’ (KSK-V) efforts there.
Canarc withdraws from buying Relief Canyon
Following a due diligence review of Firstgold’s bankrupt Relief Canyon gold mine in Nevada, Canarc Resource (ccm-t) has decided not to proceed with a US$11-million acquisition.
Oyu Tolgoi to produce 3 million oz. silver a year
With silver prices cruising to new heights, investor interest in the massive Oyu Tolgoi copper-gold project in Mongolia has “prompted” Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) to “more widely circulate the projections for silver production that have…
Golden resource at Richfield’s Blackwater (March 02, 2011)
Vancouver – After months of encouraging drill results Richfield Ventures (RVC-V) has established a multi-million oz. gold resource at its Blackwater gold project in central British Columbia.